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NO.PZ2016021706000032 问题如下 AliCompany ha bt-to-equity ratio of 2.0, ana margintrate of 30%. Aliis consiring a projein the clothing stribution instry anplanning to use TCompany a comparable firm.TCompany is a publicly trafirm thoperating clothing stribution business only, whiha bt-to-equity ratio of 1.5, a margintrate of 30%, anequity beta of 1.1. The projebeta thAliconsiring is most likely to be? A.0.44. B.0.88. C.1.29. C is correct.The projebeta calculateusing the following formulas:βasset = βequity [1/(1+((1-t)*E)]βproje= βasset[1+((1−t)E)]\lbrack1+((1-t)E)\rbrack[1+((1−t)E)]Beta asset=1.1*[1/(1+(1-30%)*1.5)]=0.537Beta project= 0.537[1+(1-30%)*2]=1.29 如题
NO.PZ2016021706000032 老师这个是什么意思
NO.PZ2016021706000032 从project的角度来看,project的融资方式可以是bt,也可以是equity,所以这里问的projebeta不应该是asset beta吗?还请老师解答一下。谢谢。
助教您好,请麻烦用李老师自己写的公式算一下好吗?楼上的解答也依然是用教材的公式来算的。李老师的写法是A*Bet= E*BetaE. 谢谢。
B proje就是 B equity 可以这么理解么?